Regional sharemarkets are on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation due this week on $US250 billion of Chinese exports set for US shores and lifted investors' hopes of a more substantial resolution.

Futures indicate the S&P/ASX 200 Index will rise half a per cent, or 34 points, on Monday. On Wall Street, the S&P 500 and Dow Jones Industrial Average rose more than 1 per cent, and the Euro Stoxx 50 index rose more than 2 per cent, when Chinese Vice Premier Liu He and President Donald Trump convened in the oval office to present a united front on Friday.